Cuba faces a deteriorating economic situation, exacerbated by sanctions and internal inefficiencies. Many Cubans are emigrating, impacting the labor force. Remittances from the United States remain below $4 billion.
Russia and Cuba are strengthening their strategic partnership. Discussions include infrastructure projects and increased investment in Cuba. Russia is also subsidizing interest rates for businesses investing in Cuba.
Both countries are working to counter Western sanctions and interference. They are focused on mutually beneficial cooperation and non-interference. Russia recognizes Cuba's efforts to protect its sovereignty.